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China
Global tech expert Matt Shaheen: 'China’s emerging AI governance framework will reshape how the technology is built and deployed.'
China's emerging development of artificial intelligence (AI) regulations, often overlooked in the U.S., are "some of the world’s earliest and most detailed" and can be used to predict Chinese plans with AI that Western nations can use, says a paper by Matt Sheehan, a fellow at the Carnegie Endowment for International Peace.
Commerce
Grewal: DWAC case shows SEC's 'ongoing commitment to exposing insider trading wherever it occurs'
The SEC has brought insider-trading charges against former DWAC board member Bruce Garelick, Michael Shvartsman and his company Rocket One Capital LLC, and Gerald Shvartsman.
Big Tech
Cope: Government officials 'must accept the First Amendment obligations that go with using their account for governmental purposes'
The Electronic Frontier Foundation (EFF) is calling on the U.S. Supreme Court to remind government officials who use social media they have obligations to observe the First Amendment when using their official social media accounts.
Big Tech
Bitko: 'ITI agrees with the policy goal of promoting software producers’ adherence to reasonable and risk-based secure software development practices'
The Information Technology Industry Council (ITI) is calling for a standardized and transparent procedure for software developers to self-certify secure software development methods.
News
Holistic Capital Review
News Release: Thank you to the Bipartisan Policy Center for the opportunity to speak today. I'm here to report on my holistic review of capital for large banks and to outline steps that I believe are appropriate to update our capital standards so that banks can continue to serve our communities, households, and businesses.1
China
Currency Wars and Beyond: Shihoko Goto on How China's Bold Moves are Reshaping Asia's Financial Landscape
Shihoko Goto is the Director of Geoeconomics and Indo-Pacific Enterprise and Deputy Director of the Asia Program at the Wilson Center. She previously worked at The World Bank.
OCR's Ranier: Patient information must be protected 'and not accessible to just anyone with an internet connection'
A Kentucky-based business that provides services to the healthcare industry has agreed to pay $75,000 and implement corrective actions to settle alleged violations of patient privacy.
Big Tech
Microsoft's Borden: Partnership will combine 'world-class insights from Moody’s with the capabilities, trust and breadth of Microsoft Cloud'
A collaboration between Microsoft and Moody's Corporation was announced June 29 to combine Moody's data and analytics with Microsoft AI to develop products and services for financial services and global knowledge workers.
Koval: 'We all must work with even greater urgency to protect our nation’s youth from all flavored e-cigarettes'
A study released last month by the Centers for Disease Control and Prevention (CDC) found a 46.6% increase in the monthly unit sales of e-cigarettes between 2020 and 2022. The number of brands available also increased, as did the sales of flavors that appeal to youth, such as candies, desserts and fruits.
Energy
DOE's Granholm stresses importance of information freedom to develop 'technologies that will change the world'
U.S. Secretary of Energy Jennifer Granholm has emphasized the necessity of openness, scrutiny and reexamination in fostering scientific advancements and innovation.
Commerce
Smith: 'Case shows our continuing commitment to rooting out those who cheat the system by misusing material nonpublic information'
Five people were recently issued insider trading charges by the Securities and Exchange Commission.
News
Minutes of the Federal Open Market Committee, June 13-14, 2023
News Release: The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on June 13-14, 2023.
Commerce
SEC's Grewal: DWAC case 'demonstrates the Commission's ongoing commitment to exposing insider trading wherever it occurs'
The SEC has brought insider-trading charges against former DWAC board member Bruce Garelick, Michael Shvartsman and his company Rocket One Capital LLC, and Gerald Shvartsman.
Big Tech
NVIDIA’s Zhiding Yu: ‘NVIDIA’s winning solution features two important’ autonomous vehicle advancements
An American multinational technology company that is a supplier of artificial intelligence hardware and software, who also designs system on chip units for the automotive market has won first place in a competition for autonomous driving development technology.
Commerce
Khan: 'Much has changed in the 45 years since the HSR Act was passed'
The Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice jointly proposed changes to the premerger notification form and associated instructions, as well as the premerger notification rules that implement the Hart-Scott-Rodino (HSR) Act.
Web3/Crypto
McGinnis says lack of transparency 'only fuels Americans' distrust in their government' amid ethics concerns surrounding SEC chairman, Bankman-Fried meeting
The lack of transparency regarding Securities and Exchange Commission (SEC) Chairman Gary Gensler's meeting with Sam Bankman-Fried of cryptocurrency exchange FTX, is contributing to feelings of "distrust" toward the federal government.
Homeland
Mayorkas: Work ‘to disrupt fentanyl supply chain is unprecedented’
The Department of Homeland Security has launched the next phase of its campaign to stop fentanyl from entering the U.S.
Homeland
Mayorkas: Academic advisory board 'will support our mission to safeguard the American people’
DHS Sec. Alejandro Mayorkas appointed 20 new members to Homeland Security Academic Partnership Council on June 21.
Assistant Secretary of Education: 'The shameful underlying facts... of a college professor subjecting his entire class to sexual harassment... are galling and categorically unacceptable'
The U.S. Department of Education's Office for Civil Rights (OCR) announced on June 28 that a male professor at the Takoma/Silver Spring campus of Montgomery College was terminated as part of the resolution of a sexual harassment investigation.
Healthcare
Becerra visits Planned Parenthood centers in Midwest, recalls providers turning away patients 'because they were afraid' after Roe v. Wade overturned
Department of Health and Human Services Secretary Xavier Becerra visited Planned Parenthood clinics in Illinois and Missouri on June 23, a year after the Supreme Court decision to overturn Roe v. Wade.
Web3/Crypto
Protect the Public's Trust director: Gensler and Bankman-Fried relationship 'appears to represent everything the American public hates about Washington, D.C.'
SEC Chair Gary Gensler is facing scrutiny for a virtual meeting he reportedly held with Sam Bankman-Fried, the founder and former CEO of crypto exchange FTX, without obtaining the necessary permission. Michael Chamberlain, director of the watchdog group Protect the Public's Trust, said the relationship between Bankman-Fried and Gensler is one that Gensler should have "resisted" due to his position in public office.
Web3/Crypto
Binance congratulates Israel’s Ministry of Defense on ‘successfully seizing millions of dollars in cryptocurrency intended for terrorist financing’
Binance, the world’s largest cryptocurrency exchange, has assisted Israel’s Ministry of Defense in seizing digital assets that were intended to finance the Hezbollah terrorist organization. Binance called the operation “one of the most significant public successes in the counter-terrorist financing space.”
McGinnis: ‘FGI will continue its pursuit of the truth’ through lawsuit regarding CRT
The Functional Government Initiative announced filing of a transparency lawsuit against the U.S. Department of Education for withholding records regarding critical race theory.
Energy
ITIF calls investments to decarbonize heavy-duty trucks 'disproportionately low'
Despite making up only 5% of the number of vehicles on the road, medium and heavy-duty trucks (MHDTs) are responsible for 30% of the carbon emissions in the transportation industry, and a new report from the Information Technology and Innovation Foundation (ITIF) said research spending is insufficient.
Commerce
Technology official: FTC should not 'make up' new laws in suit against Amazon
Information Technology and Innovation Foundation (ITIF) Vice President Daniel Castro has criticized the Federal Trade Commission's (FTC) announcement to take legal action against Amazon for allegedly tricking customers into signing up for its Amazon Prime service, saying the FTC was using bait-and-switch tactics.